Osborne Partners Capital Management LLC Sells 120 Shares of Alphabet Inc (GOOGL)

Osborne Partners Capital Management LLC lowered its stake in Alphabet Inc (NASDAQ:GOOGL) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,063 shares of the information services provider’s stock after selling 120 shares during the period. Osborne Partners Capital Management LLC’s holdings in Alphabet were worth $6,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after purchasing an additional 662,279 shares during the last quarter. BlackRock Inc. lifted its stake in Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares during the last quarter. FMR LLC lifted its stake in Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares during the last quarter. Capital Research Global Investors lifted its stake in Alphabet by 2.4% in the second quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock worth $4,005,243,000 after purchasing an additional 102,133 shares during the last quarter. Finally, Capital World Investors lifted its stake in Alphabet by 7.8% in the second quarter. Capital World Investors now owns 3,879,982 shares of the information services provider’s stock worth $3,607,142,000 after purchasing an additional 280,710 shares during the last quarter. Institutional investors own 34.38% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of GOOGL stock opened at $1,037.14 on Friday. The company has a market cap of $720,587.25, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet Inc has a 52-week low of $834.60 and a 52-week high of $1,198.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $10.12 by ($0.42). The business had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $25.65 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. sell-side analysts anticipate that Alphabet Inc will post 41.21 earnings per share for the current fiscal year.

Alphabet declared that its board has initiated a stock buyback program on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Several brokerages have issued reports on GOOGL. Wells Fargo reissued a “buy” rating and issued a $1,275.00 price objective on shares of Alphabet in a research note on Friday, February 2nd. Cowen raised their price objective on shares of Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Oppenheimer raised their price objective on shares of Alphabet from $1,180.00 to $1,340.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, February 1st. Finally, SunTrust Banks reissued a “buy” rating and issued a $1,250.00 price objective on shares of Alphabet in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $1,180.37.

TRADEMARK VIOLATION NOTICE: “Osborne Partners Capital Management LLC Sells 120 Shares of Alphabet Inc (GOOGL)” was posted by WKRB News and is owned by of WKRB News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.wkrb13.com/2018/04/01/osborne-partners-capital-management-llc-sells-120-shares-of-alphabet-inc-googl.html.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply